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Tycoon nabbed in HK gets prison, $8-B fine

China sentenced Chinese-Canadian financier Xiao Jianhua to 13 years in prison and fined his company Tomorrow Holding 55 billion yuan ($8.1 billion), bringing an end to a long-running saga that has seen many of the tycoon’s business interests reined in since he was seized in Hong Kong more than five… ....

Hong Kong , Xiao Jianhua , Xiao Tomorrow Holding , Shanghai First Intermediate People Court On , Baoshang Bank Co , Tomorrow Holding , Shanghai First Intermediate People , Four Seasons , Hurun Report , Baoshang Bank ,

Unchecked power of senior bankers in China exposed on prime-time TV

Bribery. Kickbacks. Cover-ups. For one week in January, Chinese state television devoted its prime-time slot to a series that detailed high-profile financial crimes by some of country’s most senior bankers.  There was the former head of China’s largest policy bank, who accepted bribes to approve a $4.8 billion credit line… ....

Sun Deshun , Oliver Rui , Cai Esheng , Shen Meng , Lai Xiaomin , China Europe International Business School , China Development Bank , Baoshang Bank Co , China Citic Bank Corp , Citic Bank , China Huarong Asset Management Co , Chanson Co , China Energy Co , President Xi Jinping , Rob Du Boff , Bloomberg Intelligence , China Huarong Asset Management , Communist Party , Inner Mongolian ,